Sand Grove Capital Management LLP grew its position in Time Warner Inc (NYSE:TWX) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,210,541 shares of the media conglomerate’s stock after buying an additional 68,165 shares during the period. Time Warner makes up 42.0% of Sand Grove Capital Management LLP’s portfolio, making the stock its largest position. Sand Grove Capital Management LLP owned approximately 0.16% of Time Warner worth $123,620,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Time Warner by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after buying an additional 1,116,818 shares during the period. BlackRock Inc. grew its holdings in shares of Time Warner by 4.0% in the 2nd quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after buying an additional 1,696,681 shares during the period. Franklin Resources Inc. grew its holdings in shares of Time Warner by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock valued at $1,239,484,000 after buying an additional 51,596 shares during the period. Farallon Capital Management LLC grew its holdings in shares of Time Warner by 37.3% in the 2nd quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock valued at $700,862,000 after buying an additional 1,895,000 shares during the period. Finally, Independent Franchise Partners LLP grew its holdings in shares of Time Warner by 2.8% in the 3rd quarter. Independent Franchise Partners LLP now owns 6,765,645 shares of the media conglomerate’s stock valued at $693,140,000 after buying an additional 186,323 shares during the period. 78.11% of the stock is owned by institutional investors.

Shares of Time Warner Inc (TWX) traded up $1.41 during trading hours on Tuesday, reaching $92.71. 6,077,800 shares of the company’s stock traded hands, compared to its average volume of 4,755,504. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. Time Warner Inc has a 52-week low of $85.88 and a 52-week high of $103.90. The company has a market cap of $71,510.00, a PE ratio of 15.07, a PEG ratio of 1.44 and a beta of 0.95.

Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping the consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the previous year, the firm posted $1.83 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. research analysts expect that Time Warner Inc will post 6.2 EPS for the current year.

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Tuesday, August 15th. Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. B. Riley reaffirmed a “hold” rating and issued a $101.00 price objective on shares of Time Warner in a research report on Tuesday, November 21st. Finally, Evercore ISI cut shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective on the stock. in a research report on Monday, August 7th. Twenty-three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $102.87.

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Time Warner Profile

Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.

Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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